Let's Talk Investing Does my child need a bank account? Add to ... The Globe and Mail Published Monday, Jul. 30 2012, 5:26 AM EDT Last updated Tuesday, Jul. 31 2012, 5:23 AM EDT Rob Carrick examines the pros and cons of setting up an account for your child Watch More Video: Inside a medical marijuana grow-op approved by Health Canada EU shrugs off downgrade, eyes Ukraine BlackBerry loses $4.4-billion Germany exports Christmas market cheer UAE exits Eurofighter Typhoon talks Zimbabwe tempts miners with ownership offer Thailand's contracting economy in the spotlight Target's holiday hijacked by hack To taper or not to taper? A tale of 2 central banks TransCanada's Girling defends Keystone XL Which vehicles make the grade for the U.S. insurance industry's highest safety award? Mark Zuckerberg unloads $2.3-billion worth of Facebook shares Russia and Ukraine defend pact EU applauds banking deal - but is it enough? Ukraine's Yanukovich says Russia bailout money not aimed against Europe Darden to spin off or sell Red Lobster Getting your portfolio into shape Airbus wins record AirAsia X deal Protests block traffic around EU summit venue Saab wins deal to sell 36 fighter jets to Brazil Comments AA More Related to this Story Let's Talk Investing Video: Teach kids to save more than they spend Let's Talk Investing Video: Should kids learn about money by trial and error?